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RTNominal down1.810 -0.440 (-19.556%)
Research Report

01/04/2021 11:52

{I-bank focus}CS lowers Evergrande (03333) to HK$16.29

[ET Net News Agency, 1 April 2021] Credit Suisse lowered its target price for
Evergrande (03333) to HK$16.29 from HK$16.87 and maintained its "neutral" rating.
The research house cuts the NAV estimate by 3% with the dilution from lower margin to be
offset by its faster-than-expected capital recycling. Upside risks to the neutral rating
and TP of HK$16.29 include (1) better-than-expected margin level; and (2) better liquidity
from the higher-than-expected cash collection ratio. Downside risks for Evergrande include
(1) slower-than-expected sales, and (2) stake disposal by its second-largest shareholder
in the open market. (RC)

Remark: Real time quote last updated: 06/12/2021 17:59
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